From GlobeNewswire: 2024-05-27 11:45:00

Quadient reported a solid 3.2% revenue growth in Q1 2024, reaching €261 million. Subscription-related revenue was up 1.2% organically, making up 72% of total revenue. New debt of €155 million was raised for refinancing. Positive full-year outlook confirmed, with a Capital Markets Day scheduled for June 19 to outline the strategic plan.

In Q1 2024, Group sales reached €261 million, up 3.2% reported and 1.0% organically from Q1 2023. Intelligent Communication Automation sales increased by 8.5% reported, with an annual recurring revenue of €215 million. Mail-Related Solutions saw a 2.5% increase, and Parcel Locker Solutions a 6.3% decrease in Q1 2024.

Intelligent Communication Automation sales reached €64 million in Q1 2024, up 6.0% organically and 8.5% reported. Annual recurring revenue grew to €215 million with continued customer acquisitions. Mail-Related Solutions sales were stable at €178 million, while Parcel Locker Solutions saw a decrease to €20 million in Q1 2024.

Quadient raised €140 million through a Schuldschein and €15 million through loans to manage debt maturities. FY 2024 guidance remains unchanged, with positive Q1 performance and solid booking trends. H2 2024 expected to benefit from a more favorable comparison basis for growth. Another positive year anticipated.



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